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US30 is sitting around its ATH so we will be looking for sell setups on lower timeframes.
on M30: US30 formed a valid double top pattern but it is not ready to go yet.
Before we sell, we want the bears to prove control.
Trigger => Waiting for a momentum candle close below the neckline in gray to sell.
Until the sell is activated, US30 would be overall bullish and can still trade higher.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
US30 is sitting around its ATH so we will be looking for sell setups on lower timeframes.
on M30: US30 formed a valid double top pattern but it is not ready to go yet.
Before we sell, we want the bears to prove control.
Trigger => Waiting for a momentum candle close below the neckline in gray to sell.
Until the sell is activated, US30 would be overall bullish and can still trade higher.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
cutt.ly/CRGPT